Contracts Act 1872 (Chapter 53): Primary legislation governing contract formation, validity requirements, and consideration aspects in Singapore. Fundamental for ensuring the indemnity declaration meets basic contractual requirements.
Civil Law Act (Chapter 43): Contains specific provisions regarding indemnities and enforcement of contractual rights in Singapore legal system. Essential for structuring the indemnity clauses.
Limitation Act (Chapter 163): Establishes time limits for bringing claims and statutory limitation periods for enforcement. Critical for specifying time-bound aspects of the indemnity.
Common Law Principles: Governing principles regarding indemnity contracts, duty to mitigate losses, and reasonableness of terms from Singapore case law and English common law principles.
Unfair Contract Terms Act (Chapter 396): Provides restrictions on exclusion clauses and establishes reasonableness test for contract terms. Ensures indemnity provisions are fair and enforceable.
Misrepresentation Act (Chapter 390): Addresses false statements and representations in contracts. Relevant for warranties and representations in the indemnity declaration.
Electronic Transactions Act: Governs requirements for electronic signatures and validity of electronic documents if the indemnity declaration is to be executed electronically.
MAS Guidelines: Monetary Authority of Singapore guidelines that may be applicable if the indemnity declaration relates to financial services sector.
Industry-Specific Regulations: Sector-specific regulations that may impose additional requirements or restrictions on indemnity provisions depending on the industry context.
